CVS Health

Compensation

Full Description

Job Description: • Oversees enterprise-wide inventory operations to ensure all materials are accurately tracked, properly secured, and readily accessible. • Leads the development of inventory control processes, directs physical inventory activities, and ensures accuracy across all inbound and outbound shipments. • Aligns inventory planning, purchasing, and management strategies with production and sales requirements to optimize availability, cost, and operational efficiency. • Leads vendor management activities, including onboarding, performance evaluation, and ongoing relationship management to ensure service quality and operational reliability. • Oversees fulfillment operations to ensure vendors meet delivery timelines, service-level expectations, product availability, and quality standards for both inbound and outbound inventory flows. • Partners with vendors and third-party logistics providers to streamline fulfillment processes, reduce bottlenecks, and enhance end-to-end supply chain efficiency. • Develops and implements inventory strategies aligned with the organization's goals and objectives. • Ensures accurate and timely inventory replenishment, manages inventory turnover rates, and monitors stock levels to maintain a healthy balance between inventory availability and cost. • Monitors key performance indicators (KPIs) such as inventory utilization, stockouts, fill rates, and obsolescence to assess the effectiveness of inventory management strategies. • Establishes supplier relationships and vendor-managed inventory (VMI) programs or consignment arrangements to optimize inventory flow and reduce lead times. • Leverages data analytics, demand forecasting techniques, and inventory optimization tools to identify opportunities for reducing excess stock, improving inventory turnover, and enhancing overall inventory performance. • Collaborates with various internal stakeholders, such as procurement, sales, operations, product, and finance teams, to align inventory management strategies with overall business objectives. • Develops contingency plans, implements risk mitigation strategies, and monitors market dynamics and supply chain vulnerabilities to minimize the impact of risks on inventory availability and customer satisfaction. • Leads a team of inventory management coordinators, providing guidance, mentoring, and performance management. Requirements: • Bachelor's degree in a relevant discipline or equivalent combination of education and experience • 10 or more years of relevant work experience • Adept at execution and delivery (planning, delivering, and supporting) skills • Adept at business intelligence • Adept at collaboration and teamwork • Mastery of problem solving and decision making skills • Mastery of growth mindset (agility and developing yourself and others) skills • Certification in Production and Inventory Management (CPIM) preferred Benefits: • Affordable medical plan options • 401(k) plan (including matching company contributions) • Employee stock purchase plan • No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching. • Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.